#IMFA trading above Resistance of 640
Next Resistance is at 1008
Support is at 463
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose...
Indian Metals & Ferro Alloys Ltd
1) Time Frame - Weekly.
2) The Stock has been in a Consolidation since (February, 2024). Now It has given a Consolidation breakout & Closed above it's (January, 2024) High with good bullish momentum candle & with good volume in Weekly Time Frame - All Time High Closing .
3) The stock may find It's next resistance around the...
IMFA Prediction for Swing/ Posional Trading
Entry 1 was at breakout level 465. This level almost retested. You can enter into trade above 495 or you can entry according to your experience.
Sls- according to you RRR.
Targets- 525,555,585,615,646,675,705,735,…,… (more will be updated later if need )
According to your “STOMACH” book your profit. Always maintain...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
The stock recently achieved a multi-year breakout, and this breakout was notable for its substantial trading volumes. Such a breakout suggests a significant shift in the stock's long-term trend, and the strong volumes add credibility to the move. Traders and investors often find multi-year breakouts with good volumes compelling, as they may indicate sustained...
The stock recently experienced a breakout from a cup pattern, and this breakout was notable for its strong trading volumes. Importantly, during the formation of the cup pattern, there was significant accumulation accompanied by good volumes.
The cup pattern breakout, combined with volume analysis, suggests a robust and well-supported bullish move. The...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
IMFA Bullish; above 410 on Thursday 21st September.
Please check out the INTRADAY Trading Strategy in the COMMENTS section below during the live market hours:
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1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice)...
Stock Name - Indian Metals & Ferro Alloys Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 378
#This is not Buy and Sell recommendation to any one. This...
ON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades (high momentum stocks) at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the...
Small trade opportunity in IMFA . As the market is highly volatile. Make sure to have the correct stop loss as the trade might get reversed immediately.
Target 1: 400
Stoploss: 275
Happy Trading!
Start building Position Here, the price is rising along with volume,
The current Price is available below the book value.
Put stop-loss as a recent swing low.
Post is for learning Purposes.
